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A Paid-Off Mortage In Your Thirties

September 3rd, 2008 · 1 Comment

I was intrigued to learn that my college roommate Chris and another friend Marta both paid off their mortgage in their thirties.  This is quite an accomplishment.  First, they both defied the idiotic, asinine conventional wisdom that you want a mortgage for the tax deduction.  I won’t even respond to that misguided anti-logic.  Second, they […]

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Tags: mortgages

Celebrities Are Not Financial Role Models

June 5th, 2008 · No Comments

Recently the media has been covering the defaulted home loan on Ed McMahon’s Beverly Hills mansion worth approximately $4.8 million. Now, before I comment on Ed’s finances here are some of the most popular highlights of his life: He was Johnny Carson’s announcer for 30 years (1962-92) on The Tonight Show He was host of […]

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Tags: Money